A multi-disciplinary Womble Bond Dickinson team has advised on the rescue of the business of leading vehicle lighting manufacturer, Wipac Limited, safeguarding 476 jobs.
Wipac develops, tests and manufactures a range of exterior lighting products for the world's premium car makers from its manufacturing sites in the UK.
National head of restructuring Andy Stirk, managing associate Jonathan Dunkley and solicitor Beth Kalischer worked with the company's board and a PWC team led by Rachael Wilkinson and Zelf Hussain to deliver two separate pre-pack sales that have rescued the business as a going concern.
Andy Stirk said:
"We're delighted to have worked with Rachael Wilkinson, Zelf Hussain and the PWC team to deliver a positive outcome for the business in what have been difficult circumstances for the business and the sector at large. My particular thanks also to Jonathan, Beth and the rest of the WBD team for getting this deal over the line."
Ranking in the UK's top 20 law firms, WBD provides legal expertise in twelve key sectors from across nine offices in the UK, including London and 19 offices in the US.
The firm's transatlantic restructuring and bankruptcy teams provide commercially focused advice and support with regards to restructuring, workouts, bankruptcy filings, receivership appointment and foreclosures.